IMI plc (LON:IMI) Receives Average Recommendation of “Moderate Buy” from Brokerages

IMI plc (LON:IMI) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 2,690.71.

Separately, JPMorgan Chase & Co. lowered their price objective on IMI from GBX 3,330 to GBX 3,100 and set an “overweight” rating for the company in a research note on Wednesday.

IMI Stock Up 3.4%

Shares of LON:IMI traded up GBX 86.46 during midday trading on Wednesday, hitting GBX 2,616.46. 951,847 shares of the company’s stock were exchanged, compared to its average volume of 14,853,315. The company has a debt-to-equity ratio of 58.04, a current ratio of 1.50 and a quick ratio of 0.80. IMI has a 12 month low of GBX 1,555.96 and a 12 month high of GBX 3,848. The company has a market cap of £6.44 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05. The stock has a 50 day moving average price of GBX 2,761.45 and a 200-day moving average price of GBX 2,538.62.

IMI (LON:IMI) last announced its quarterly earnings results on Friday, March 6th. The company reported GBX 132.30 earnings per share for the quarter. IMI had a net margin of 14.33% and a return on equity of 24.91%. On average, sell-side analysts anticipate that IMI will post 137.9737609 EPS for the current fiscal year.

Insider Transactions at IMI

In related news, insider Jamie Pike purchased 3,508 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of GBX 2,848 per share, for a total transaction of £99,907.84. Insiders acquired a total of 3,540 shares of company stock worth $10,078,876 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

About IMI

IMI plc is a specialist engineering company operating in fluid and motion control markets. We combine our deep engineering knowledge with strong applications expertise to develop solutions for the most acute industry problems. We help our customers become safer, more sustainable and more productive. IMI employs around 10,000 people, has manufacturing facilities in 19 countries and operates a global service network. The Company is listed on the London Stock Exchange and is a constituent of the FTSE4Good Index.